MuleSoft, provider of the leading platform for building application networks, today announced that it has partnered with Barclays to host a digital banking hackathon. The hackathon will take place at Barclays Technology Centre Radbroke in Cheshire on July 20 and 21. The event aims to foster innovation and harness technology to build a range of new financial services solutions.

Peter Josse, UK chief information officer, Barclays, said, “We are thrilled to be joined by a number of our partners, including MuleSoft, to host our digital banking hackathon. The ability to partner with other organisations to explore new and emerging digital banking technologies and APIs is critical in understanding how we can evolve new products and services for our customers and clients.”

Unlocking the Potential of APIs in Financial Services

APIs are the building blocks used to define how data is accessed, exposed and shared across an application network. Hackathon participants will leverage Anypoint Platform™ and RAML (RESTful API Modeling Language) to develop digital-only banks, personalized products and services, and new banking experiences across mobile, tablet and television. Prior to the event, developers can take advantage of MuleSoft Champions Program’s unique online onboarding and learning environment to familiarize themselves with Anypoint Platform and RAML, review tutorials and gain access to various developer resources.

With Anypoint Platform, organizations can build a seamless application network of applications, data and devices through API-led connectivity, whether in the cloud or on-premises. By making any application, data or device pluggable and reusable, an application network enables financial services organizations to leverage existing and new technologies to drive innovation and agility at scale, launch new products and revenue opportunities, and improve customer experience.

“Financial services organizations are in the midst of tremendous change, driven by regulatory and compliance pressures, increasing customer demands and the threat posed by new entrants. This is driving organizations to re-evaluate what products and services they deliver and through which channels,” said Uri Sarid, CTO, MuleSoft. “We’re excited to work with Barclays to encourage new ways of thinking in banking by applying an API-led approach to connecting data, applications and devices in an application network, as well as leveraging RAML. By harnessing the power of Anypoint Platform to build application networks and the simplicity of RAML to design good APIs, developers have the opportunity explore and create in an ecosystem primed for innovation and experimentation – and that ecosystem will persist and grow long after the hackathon.”

Strong Customer Momentum in the Financial Services Industry

MuleSoft continues to see growing market demand from the financial services industry, as organizations in the space are recognizing that connectivity is critical to achieving their strategic initiatives, such as enriching consumer experiences, increasing operational efficiencies and delivering capabilities through digital channels. Financial services customers include BBVA Banco Frances, Equity Insurance Group, Mastercard and Sagicor Life Insurance Company, as well as four of the top nine global banks and one of the top three global insurance companies.